IV - How Protection Tends to Increase Production and Consumption
A great error exists in the impression now very commonly entertained in
regard to national division of labour, and which owes its origin to the English
school of political economists, whose system is throughout based upon the idea of
making England ``the workshop of the world,'' than which nothing could be less
natural. By that school it is taught that some nations are fitted for manufactures
and others for the labours of agriculture, and that the latter are largely
benefited by being compelled to employ themselves in the one pursuit, making all
their exchanges at a distance, thus contributing their share to the maintenance of
the system of ``ships, colonies, and commerce.'' The whole basis of their system is
